It looks like the Reserve Bank will lower interest rates at least once, maybe a few more times reducing interest rates may not be a great idea
I'm sorry if this opinion does not fit in the usual Left vs Right, Labor vs Liberal
We already have way too much debt in the system
Reducing interest will actually reduce the incomes of many retirees and others relying on interest income
the nett effect may do much for the real economy and long term may complicate how we ever unravel from this excessive debt, which is a drag on future growth
In any case how much will the banks pass on to borrowers
